Published on 7/21/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.81 million trigger PLUS due 2021 linked to Euro Stoxx
By Susanna Moon
Chicago, July 21 – Barclays Bank plc priced $1.81 million of 0% trigger Performance Leveraged Upside Securities due July 22, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 140% of any index gain.
Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if the index finishes below the 65% trigger level.
Barclays is the agent with Morgan Stanley Wealth Management as the dealer.
Issuer: | Barclays Bank plc
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $1,812,450
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Maturity: | July 22, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 140% of any index gain; par if the index falls by up to 35%; full exposure to any losses if index finishes below trigger level
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Initial level: | 3,670.34
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Trigger level: | 2,385.72, 65% of initial level
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Pricing date: | July 17
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Settlement date: | July 22
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Agent: | Barclays
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Distribution: | Morgan Stanley Smith Barney LLC
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Fees: | 3%
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Cusip: | 06743N397
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